Pilatus Reports Improved Sales, Financial Performance for 2022

The company says its results were among its best ever despite supply chain difficulties.

Jonathan Welsh

Thursday, March 02, 2023 at 04:02 PM ET

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Deliveries of PC-24 jets helped to drive strong results at Pilatus in 2022. [Credit: Shutterstock]

Key Takeaways:

Pilatus reported "one of its best years ever" in 2022, achieving $1.38 billion in sales and $1.7 billion in orders, driven by exceptionally high demand for its PC-12 NGX and PC-24 aircraft.
Despite facing significant supply chain disruptions and geopolitical unpredictability, the company successfully increased aircraft deliveries and improved on its previous year's performance.
Beyond aircraft sales, Pilatus expanded its business by growing its customer service unit by 10% and strategically acquiring U.S. dealer Skytech Inc.

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Pilatus said strong demand for its aircraft despite difficult economic conditions helped propel the company to “one of its best years ever.”

Sales in 2022 totaled $1.38 billion, with operating income of about $240 million and orders totaling $1.7 billion. The company said it improved on its 2021 performance with deliveries of 40 PC-24s, 80 PC-12 NGXs, 10 PC-21s, and 3 PC-6s in 2022, as reported also in the General Aviation Manufacturers Association annual deliveries report released last week.